Week 2 Assignment Part 2
For this assignment, your team will create a 2 – 3 page cost management document tailored to your chosen project.
Description of document content:
- Description of estimating process. At minimum address the following items:
- What estimating method or methods will you be using?
- Why will you be using these methods? Provide a valid explanation as to why these methods were chosen over the alternatives.
- Who will be responsible for creating the estimates?
- Who will be responsible for reviewing and approving the estimates?
- How will the estimates be aggregated?
- How will you seek to account for padding and reserves in your estimates?
- Statement regarding level of accuracy and units of measure and organizational procedures link (see PMBOK Guide page 148)
- Current estimate of your chosen project
- After completing Assignment W2A1 (MsProject), create a brief summary of the costs associated with the major deliverables of your project. Some of you will need to add material costs to the estimates, as MsProject will only include costs associated with labor resources at this point.
- It is best to create a table of the major deliverable and the cost associated with each and then provide a total
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